The CEO of the National Iranian Oil Company, Ali Kardor, stressed that the company has signed a contract with the Russian company Zarubezhneft on July 12 whcih aims to study two Iranian oil fields, ISNA reports.
"Zarubej Neft will pay for the expenses of its studies over the two Iranian fields and will offer the result of its studies to NIOC for further consideration," he added, saying that the confidential deal is not biding for NIOC.
Managing Director of Zarubej Neft Sergey I. Kudryashov said on Tuesday that his company will soon offer its proposal on increasing the coefficient of oil recovery from two Iranian oilfields.